MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up – Still a Buy?
by Sarita Garza · The Markets DailyMTU Aero Engines AG (OTCMKTS:MTUAY – Get Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $192.6140, but opened at $201.04. MTU Aero Engines shares last traded at $200.0150, with a volume of 1,354 shares traded.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Citigroup reaffirmed a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. Kepler Capital Markets upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Berenberg Bank cut MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Zacks Research raised MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, BNP Paribas Exane began coverage on shares of MTU Aero Engines in a report on Monday, April 13th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.
Read Our Latest Research Report on MTUAY
MTU Aero Engines Price Performance
The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The company has a market cap of $21.84 billion, a PE ratio of 18.96 and a beta of 1.03. The firm has a 50 day moving average of $178.73 and a two-hundred day moving average of $198.90.
MTU Aero Engines Company Profile
MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.
In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.